Government & Regulatory | Top Story | Field Development
Big Name Operators Set Sights on Powder River Basin; 5,000-Well Project
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After a lengthy environmental study, the US Bureau of Land Management (BLM) has released its plans regarding a 5,000 well JV project in Wyoming's Powder River Basin, according multiple news reports.
The Players:The proposal was first made back in 2014 by a partnership consisting of:
Anadarko Chesapeake Energy EOG Resources SM Energy ** (SM has since sold to Northwoods Energy LLC ) Devon Energy The Project:The proposed project would span ~1.5 million acres across Converse County, Wyoming would take approximately 10 years to complete.
Approximately 60% of the minerals to be tapped are owned by the BLM.
According to the Casper Star Tribune, the project could create over 8,000 new jobs and rake in between $18-28 billion in revenue.
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